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Competency: 2023 Version - by Bill Pastuszek
August 11, 2023
Let’s have a look at the concept of competency. No, no, keep reading, even though many of you are saying, “he’s going to start talk about USPAP and all those Appraisal Standards and all that boring, obtuse, useless stuff.” It won’t be boring or useless.
Rockland Trust hires Weinberg as senior vice president, lending center manager in Peabody
August 11, 2023
Peabody, MA Rockland Trust has expanded its local commercial lending team with the appointment of Ryan Weinberg, Esq., to senior vice president, commercial lending center manager. In this role, Weinberg will be leading a team of lenders specializing in commercial real estate
Groblewski and Monahan of Fantini & Gorga
arrange $10.085m financing
August 11, 2023
Needham, MA Fantini & Gorga has arranged $10.085 million in acquisition financing on behalf of its client, Union Station LP (USLP), an affiliate of a leading retail investment and management family office based in Greater Boston.
Merkle to retire from Union Savings Bank - Reyes to take over as president and CEO
August 11, 2023
Danbury, CT According to the Union Savings Bank board of trustees, Cynthia Merkle is retiring as CEO of the community bank effective later this month. Current president Chelen Reyes has been elected to serve as both president and CEO.
MassDevelopment issues $18 million bond to New England Historic Genealogical Society to expand facil...
August 11, 2023
Boston, MA MassDevelopment has issued an $18 million tax-exempt bond on behalf of New England Historic Genealogical Society (NEHGS), also known as American Ancestors, which will use proceeds to expand its facility on Newbury St. to add a Visitor Complex and make other improvements. NEHGS will reconstruct and expand a vacant building at 97 Newbury St., and connect
Walsh of EagleBridge Capital arranges $15 million financing
for 31 property multifamily portfol...
August 11, 2023
Boston, MA EagleBridge Capital has arranged permanent mortgage financing in the amount of $15 million for a diverse multifamily portfolio located in Southern New England.
Price of The Peabody Companies recognized in IREM’s 2023 “30 Under 30”
August 11, 2023
Boston, MA The Peabody Companies’ Kaeleen Price, portfolio operations analyst and property manager, has been named a 2023 “30 Under 30” by the Institute for Real Estate Management (IREM).
New England Heritage Properties launches new website
August 11, 2023
Lowell, MA New England Heritage Properties has launched its redesigned website, now available at www.ne-hp.com. The new website features the company’s updated brand identity while highlighting Heritage Properties’ growth into multi-family investment
SVN | Parsons Commercial Group | Boston brokers $1.838 million sale of 24,134 s/f building
August 11, 2023
Marlborough, MA SVN | Parsons Commercial Group | Boston has completed the sale of a 24,134 s/f multi-tenant office building to 910 Boston Post Road LLC at 910 Boston Post Rd. for $1.838 million.
Petz, Sherry and Barrett of Colliers arrange sale of
two industrial warehouses for $79 million
August 11, 2023
Northborough, MA Colliers’ has arranged the sale of two class A industrial warehouse buildings for a combined $79 million. Located at 301 Bartlett St. and 150 Hayes Memorial Dr., the buildings together boast 387,544 s/f. A Colliers team of Frank Petz, Matthew Sherry and Jack Barrett
Zhang joins The Davis Companies as senior vice president of asset management
August 11, 2023
Boston, MA The Davis Companies (Davis) has appointed Mai Zhang as senior vice president of asset management. Zhang will lead the asset management of Davis’ multi-family portfolio, which includes both direct and joint venture investments, and will play a role in the continued expansion
NAI Glickman Kovago & Jacobs arranges two leases totaling 3,600 s/f
August 11, 2023
Webster, MA NAI Glickman Kovago & Jacobs recently represented both the tenant and landlord for the lease of 82 Worcester Rd. The 70,000 s/f total distribution/retail/office space is located in Webster Plaza.
The Stubblebine Company/CORFAC International brokers $4 million sale of 30,360 s/f warehouse
August 11, 2023
Haverhill, MA Micah Stubblebine of The Stubblebine Company/CORFAC International, represented the owner, Adamson Realty, LLC, and directly procured the buyer, Beep Holdings, LLC, in the sale of 45 Research Dr. The property consists of a 30,360 s/f warehouse on seven acres which sold for $4 million.
Gray, Gray & Gray, LLP ranked among top 200 accounting firms in U.S.
August 11, 2023
Canton, MA Gray, Gray, & Gray, LLP, a certified public accounting and business advisory firm, has been named one of the country’s Top 200 accounting firms by INSIDE Public Accounting magazine. The publication ranked Gray, Gray & Gray as the 154th largest accounting
Newmark completes $58 million sale of two buildings totaling 273,662 s/f
August 11, 2023
Andover, MA Newmark announces the $58 million sale of 50 Minuteman Rd. and 6 Technology Dr., two fully leased class A office/R&D buildings located 25 miles north of Boston. Newmark co-head of U.S. Capital Markets Robert Griffin, executive vice chairman Edward Maher,
Maugel DeStefano Architects celebrates 30th anniversary
August 11, 2023
Harvard, MA Maugel DeStefano Architects has marked its 30th anniversary this year by celebrating the firm’s continued growth under the new ownership team and by maintaining a laser focus on solving design challenges through innovation and creativity for its clients in fast-changing environments.
Malone Commercial Brokers brokers $9.6 million sale totaling 64,340 s/f
August 11, 2023
Portland, ME Malone Commercial Brokers have completed the sale of 421 and 429 Warren Ave., an investment comprising three industrial buildings. The sale showcased 429 Warren Ave., including two fully leased buildings measuring 18,000 s/f and 19,500 s/f
CBRE represents Marcus Partners in sale of six-building warehouse portfolio for $167 million
August 11, 2023
Franklin, MA Marcus Partners, a real estate investment, management and development firm, completed the sale of their Boston Metro Logistics Portfolio, a six-building warehouse/distribution portfolio located in Greater Boston for $167 million. The sale includes 176, 206 and 210 Grove St.
Tenerity Inc. relocating to Clarion Partners’ Merritt 7
August 4, 2023
Norwalk, CT Clarion Partners LLC and Marcus Partners announced the signing of three new tenants at Merritt 7 Park, including customer engagement and marketing firm Terenity Inc. relocating
The Cleanroom Contracting division of Performance Contracting, Inc. announces New England office op...
August 4, 2023
Holliston, MA As a national leader in specialty contracting for cleanroom construction for 60 years, The Cleanroom Contracting division of Performance Contracting, Inc. (PCI) has announced the opening of its New England office